Mobile chip giant sees smartphone surprises ahead

Jul 26, 2013

Leading mobile phone chip maker Qualcomm said Thursday that the next generation of smartphones will take another stride forward as the company reported robust quarterly earnings.

"We still think the next smartphone is going to surprise you with the things it can do," Qualcomm director of CPU product management Travis Lanier told AFP. "There is a way to go in innovation."

Demand for Snapdragon chips, which combine computer processing and graphics capabilities in a compact platform for powering devices, helped the California company make a profit of $1.58 billion on revenue of $6.52 billion in the quarter that ended on June 30.

"We delivered another strong quarter as our Qualcomm Snapdragon solutions were prominent in a broad set of flagship smartphones, and 3G/4G device average selling prices were stronger than expected," said Qualcomm chief executive Paul Jacobs.

"We see expanding opportunities for growth of 3G/4G devices around the globe, driven by the strong pace of innovation in the industry."

Profit was up 21 percent from the same quarter last year, while revenue increased 35 percent.

The "system-on-a-chip" design of Snapdragon allows for smartphones or tablets to be designed with features such as playback of ultra high-definition video or surround-sound in headsets plugged into devices.

More than a thousand products are shipping with Snapdragon chips, and hundreds more are in the pipeline, according to Qualcomm executives.

The chips are also being built into coming tablets, including the Nexus 7 unveiled by Google on Wednesday.

Rather than the mobile gadget market slowing as it matures, Qualcomm executives saw it as accelerating.

"There are still plenty of people who don't have a smartphone," Lanier said.

"There is a lot more growth to be seen; and I expect tablets to take off."

A 'Quantified Self' movement driven by wearable computers such as wristbands or pendants with sensors that relay information to increasingly sophisticated smartphones or tablets is weaving the devices even deeper into lives.

"We call it the digital sixth sense," Qualcomm marketing executive Tim McDonough.

"The is shifting to something that is always paying attention to what is going on around you; a device going from passive to sentient."

McDonough predicted that new with innovative capabilities will hit the market in coming months as manufacturers get products in place for the year-end holiday shopping season.

"People are going to do things that we never would have thought or, and we love that," McDonough said of mobile device innovators.

Explore further: S. Korea's Hynix posts record operating profit

add to favorites email to friend print save as pdf

Related Stories

Qualcomm Snapdragon chipset heads for tablets, TVs

Jan 11, 2012

(PhysOrg.com) -- Qualcomm used the CES event in Las Vegas yesterday to showcase its Snapdragon S4 line of chips, expected to ship in devices later this year. A key highlight was the company’s demo of ...

Quad-core Snapdragon S4 is firing up for laptop wars

Apr 03, 2012

(PhysOrg.com) -- Google is moving toward social; Facebook is moving to search; and now the chip kings are doing a similar dance into different territory. Intel is muscling in on smartphones and Qualcomm wants ...

Qualcomm results shine amid smartphone optimism

Apr 20, 2011

(AP) -- The rise of smartphones is leading to a profound shift in the semiconductor industry, as companies that focus on mobile chips have found themselves in computing's new sweet spot.

Qualcomm ups dividend, approves up to $4B buyback

Mar 06, 2012

(AP) -- Mobile phone chip-maker Qualcomm Inc. said Tuesday that its board approved the increase of its quarterly dividend by 16 percent to 25 cents and up to $4 billion in stock buybacks.

Recommended for you

Ex-Apple chief plans mobile phone for India

22 hours ago

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

Apr 19, 2014

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

US venture investments highest since 2001 (Update)

Apr 18, 2014

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

User comments : 0

More news stories

Hackers of Oman news agency target Bouteflika

Hackers on Sunday targeted the website of Oman's official news agency, singling out and mocking Algeria's newly re-elected president Abdelaziz Bouteflika as a handicapped "dictator".

Making graphene in your kitchen

Graphene has been touted as a wonder material—the world's thinnest substance, but super-strong. Now scientists say it is so easy to make you could produce some in your kitchen.

Low tolerance for pain? The reason may be in your genes

Researchers may have identified key genes linked to why some people have a higher tolerance for pain than others, according to a study released today that will be presented at the American Academy of Neurology's 66th Annual ...

How to keep your fitness goals on track

(HealthDay)—The New Year's resolutions many made to get fit have stalled by now. And one expert thinks that's because many people set their goals too high.